Tire Reinforcement Market Overview Analysis and Scope 2018 to 2023

Global Tire Reinforcement Market report provides a detailed analysis of the market from 2013 to 2023. The report provides comprehensive analysis for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2018 through 2023. Also, a five-year historic analysis is provided for these markets from 2013 to 2017 / 2018 (as per the data availability). Market data and analytics are derived from primary and secondary research.

Over the next five years, LPI(LP Information) projects that Tire Reinforcement will register a 3.1% CAGR in terms of revenue, reach US$ 15100 million by 2023, from US$ 12600 million in 2017.

SCOPE OF THE REPORT:

Report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on latest industry news, opportunities and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

Reinforced tires are rigid, offer stability, better traction, greater adhesion properties, and are more resistant to mechanical damage. Besides the capability to carry the extra load, these tires have a longer life than normal tires and are not prone to internal damages. Reinforced tires have more usage in vans, trucks, estate cars, sports cars, and delivery vehicles as they can withstand higher pressure and increased load capacity.

Several reinforcement materials used in tires include steel cord fabric, steel bead wire, polyester cord fabric, rayon cord fabric, aramid cord fabric, nylon cord fabric, and other materials. These materials confer structural, mechanical, and physical properties to tires. The latest development in the market is the growing demand for eco-friendly tires, which has compelled vendors to shift towards the usage of natural and recycled materials like ground rubber, orange oil, and low-aromatic oils to manufacture tires.